PREMARITAL AND POST-MARITAL AGREEMENTS
Certified Specialist Arizona Family Law Attorney
Many people initially react negatively at the suggestion of a premarital agreement. That response is common because most people do not understand the security and peace of mind that a premarital agreement can have for both parties.
A premarital agreement can protect the financial interests of both parties in the marriage, not just one party. It allows the couple to talk about financial matters, ownership issues, debts and inheritance concerns. If one of the parties dies without a will, the premarital or post-marital agreement can define how assets should be dispersed.
Premarital agreements are an excellent tool that should be considered by:
- Anyone entering a second marriage with children from a first marriage;
- Anyone who owns a business or has significant financial interests in a business;
- Anyone that had a difficult prior divorce and now feels the need for greater financial security prior to remarriage;
- Situations where one partner will be entering the marriage with a considerable amount of debt or is undertaking a risky business venture;
Contact Daniel J. Siegel if you are contemplating marriage and are considering a premarital agreement. Daniel J. Siegel is a Certified Specialist in Family Law experienced in drafting premarital and post-marital agreements. Daniel J. Siegel can help you consider the pros and cons of a premarital agreement and help you develop an agreement that fits your particular desires and needs.
Post-Marital Agreements
A post-marital agreement is very similar to a premarital agreement, but it is created and entered into after the marriage. A couple may enter into a post-marital agreement for a variety of reasons. If they forgot to include assets in their initial premarital agreement, or if changed circumstances warrant it and the parties wish to formalize their preferences regarding those changes. For example:
- If one partner owned a business prior to the marriage and it flourished and grew after the marriage and the operating spouse wants to ensure that it is inherited by family members rather than an uninvolved second spouse;
- If a spouse is starting a risky business venture after the marriage and the other spouse wants to protect his/her share of the existing marital assets;
- If a spouse wanted to try and protect their assets from potential creditors;
In order for a premarital or post-marital agreement to be valid, it must be prepared properly in accordance with Arizona Law. Working with a
skilled and experienced family law attorney, you can have confidence that your agreement will be valid and enforced. Contact Daniel J. Siegel to schedule a consultation to answer your questions and obtain the proper legal advice.
Daniel J. Siegel, P.C.
1617 E. Pinchot
Phoenix, AZ 85016
Phone: (602) 274-1099
Fax: (602) 626-5143
Email:
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